Energy storage is the process of capturing and storing energy for later use, enabling better management of supply and demand. It plays a crucial role in modern energy systems, especially as the use of renewable energy sources like solar and wind continues to grow. These sources are intermittent by nature, producing energy only when the sun shines or the wind blows. Energy storage helps bridge these gaps by storing excess energy and releasing it when needed.
Energy storage provides several key benefits: enhancing grid stability, reducing energy costs through peak shaving, supporting backup power during outages, and enabling off-grid applications. It also plays a vital role in decarbonization by making renewable energy more reliable and flexible.